Single-A pricing settles as EWE launches at 40bp

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Single-A pricing settles as EWE launches at 40bp

German utility EWE has launched a Eu750m five year revolver with a headline margin of 40bp as pricing for the top-rated corporate names in the syndicated loan market stabilises. EWE, which is rated A2, launched the syndication of the facility on Friday through co-ordinators and bookrunners Barclays Capital, BNP Paribas and Commerzbank.

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